- Former President Lula de Silva will become chief of staff for President Dilma Rousseff, meaning only the country's Supreme Court has the power to put him on trial.
- “This seems to be another shot in the dark by this government that is desperate to remain in power," says an analyst.
- Also impacting is chatter that central bank President Tombini will exit his post.
- The Bovespa has added to yesterday's 3.6% plunge with a 1% decline so far this session. The real off another 1.6% vs. the dollar.
- EWZ -1.5%
- ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ, BZF
- Previously: Brazil rally halted on word Lula to enter Rousseff government (March 15)